Here’s another collaborative effort to present information to consumers who want to know if the vehicle in your inventory might fit within the potential terms the finance company could provide — especially in the subprime segment. Equifax and Credit Bureau Connection (CBC) are joining forces to offer dealers and finance companies the ability to empower […] [Read More]

Volkswagen Group of America, Audi of America and their respective German parent companies (Volkswagen AG and Audi AG) are facing a proposed class-action lawsuit filed in U.S. District Court for the Eastern District of Virginia. The consumer plaintiffs accuse the companies of having allegedly “defrauded and endangered them and others by selling vehicles labeled as […] [Read More]

It stands eight stories tall and holds up to 27 vehicles. The patented coin-operated, all-glass structure is Carvana’s newest car vending machine. Located in Chicago, the vending machine provides what Carvana describes as a “memorable pick-up experience” for customers who purchase their vehicles on Carvana.com. The company debuted the newest machine on Wednesday. In addition, also […] [Read More]

Connected car company Zubie and technology start-up CarAdvise — an online marketplace for car maintenance and repair — have launched a program to help fleets manage their vehicle maintenance using a network of more than 20,000 service facilities. Zubie Smart Maintenance targets small- and mid-sized fleets, helping fleet managers track the location and health of […] [Read More]

At last month's Auto Remarketing Canada Conference in Toronto, Drew Harden of CARFAX Canada talks about the pain points dealers have in the vehicle trade-in process and how to address those challenges.  The conversation touches on a more collaborative trade-in process involving the customer, providing more context and what gets a trade-in offer accepted or […] [Read More]

The Kelley Blue Book brand is now in Canada. Cox Automotive Canada made the announcement on Tuesday, the first of two major moves from the company this week. “Kelley Blue Book is the leading provider of vehicle valuations in North America and we’re excited to announce its upcoming launch to our Canadian dealers, OEMs and […] [Read More]

Canadian Black Book said it uncovered more “very telling statistics” as part of its annual vehicle-buying study conducted by Ipsos. The latest endeavor breaks down the differences between various Canadian demographics in how they shop, what they expect and overall knowledge gaps when it comes to vehicle shopping, buying and ownership.   A primary example of […] [Read More]

One of the largest networks of buy-here, pay-here dealerships is leveraging a Cox Automotive division in an effort to showcase inventory more effectively online. This week, J.D. Byrider announced it has partnered with HomeNet Automotive to bring SnapLot 360 technology to its store operators, delivering a more transparent online customer experience through immersive vehicle imaging. […] [Read More]

Black Book and Fitch Ratings delivered seven key findings along with other projections as a part of its latest joint U.S. vehicle depreciation and auto asset backed securities (ABS) report released on Thursday. Black Book is forecasting an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks increases, up […] [Read More]

UPDATE: Story reflects updated numbers from Cox Automtoive for 2017 total volume.  What Cox Automotive described as the “total volume of wholesale requiring disposal” will reach a peak this year. Specifically, 16.6 million units are projected to be wholesaled, up from 16.4 million units last year, 15.9 million units in 2017 and 15.5 million units […] [Read More]